Guido at Mongolian Matters reports the word on the streets about Mr. Bush's visit:

I heard the joke that he is jealous at Rumsfeld for getting a horse, and wants one too. A more serious rumor I heard is that he might promise import tax exemptions for Mongolia, what could potentially mean a boost for the Mongolian economy. The return favor being most probably continued support in Iraq, because the official statement doesn't make much of a secret about that being the most important topic.

Re: the horse: he'll probably get one.

Re: the rumor: interesting, and exciting, and if true, a great idea.

Re: Iraq: right on.